Director of E-Commerce Chef Douwe Iedema to
Judge Two Seafood Panels and Host Sustainable Shrimp
Presentation
NaturalShrimp, Inc. (OTCQB: SHMP), a Biotechnology Aquaculture
Company that has developed and patented the first shrimp-focused
commercially operational RAS (Recirculating Aquaculture System),
today announced it will attend the 10th Anniversary World Food
Championships taking place November 9-13, 2022 in Dallas, TX.
The World Food Championships is the largest competition in Food
Sport, where culinary competitors of previous events convene for a
chance at winning the ultimate food crown and a share of hundreds
of thousands of dollars in prize money. The 2021 World Food
Championships attracted more than 1,500 cooks from 42 states and 6
countries, with 17,000 foodies watching in person.
Director of E-commerce Chef Douwe Iedema will be judging on two
panels as follows:
SEAFOOD: Master Judge in Opening Round Thursday, November
10, 2022 at 12:30 p.m. CT
SEAFOOD: Finals Panel Saturday, November 12, 2022 at 1:30
p.m. CT
“Nowhere is the spirit of culinary passion, product integration
and foodie engagement more alive than at the World Food
Championships, and I am honored to be a judge in the Seafood
category this year,” said Chef Iedema. “I am also excited to
highlight our fresh, land-based gourmet-grade shrimp to attendees.
The event coincides with the upcoming launch of our online ordering
home delivery program, which will include fresh harvested heads-on
shrimp and my long-awaited shrimp cocktail sauce. Recipe books and
instructional videos for the home cook will be available as well. I
look forward to sampling some amazing seafood dishes from the
contestants and promoting how NaturalShrimp’s sustainable shrimp
can be a fresh addition to home chef’s meals.”
About NaturalShrimp
NaturalShrimp, Incorporated is a publicly traded aquaculture
Company, headquartered in Dallas, with production facilities
located near San Antonio, Texas, and Webster City, Iowa. The
Company has developed the first commercially viable system for
growing shrimp in enclosed, salt-water systems, using patented
technology to produce fresh, naturally grown shrimp, without the
use of antibiotics or toxic chemicals. NaturalShrimp systems can be
located anywhere in the world to produce gourmet-grade Pacific
white shrimp. For more information visit www.naturalshrimp.com.
About Yotta Acquisition Corporation
Yotta is led by founder Hui Chen (CEO). Yotta is a blank check
company formed for the purpose of effecting a merger, share
exchange, asset acquisition, stock purchase, recapitalization,
reorganization or similar business combination with one or more
businesses. Although there is no restriction or limitation on what
industry or geographic region its target operates in, Yotta intends
to focus on high technology, blockchain, software and hardware,
ecommerce, social media and other general business industries
globally.
Forward-Looking Statements
This press release contains a number of forward-looking
statements that reflect management's current views with respect to
future events and financial performance. Forward-looking statements
are projections in respect of future events or our future financial
performance. In some cases, you can identify forward-looking
statements by terminology such as “may,” “should,” “expects,”
“plans,” “anticipates,” “believes,” “estimates,” “predicts,”
“potential” or “continue” or the negative of these terms or other
comparable terminology. These statements include statements
regarding the intent, belief or current expectations of us and
members of our management team, as well as the assumptions on which
such statements are based. Prospective investors are cautioned that
any such forward-looking statements are not guarantees of future
performance and involve risk and uncertainties, and that actual
results may differ materially from those contemplated by such
forward-looking statements. These statements are only predictions
and involve known and unknown risks, uncertainties and other
factors, including the risks set forth in the section entitled
“Risk Factors” in the Company's Annual Report on Form 10-K for the
fiscal year ended March 31, 2021, any of which may cause our
company’s or our industry’s actual results, levels of activity,
performance or achievements to be materially different from any
future results, levels of activity, performance or achievements
expressed or implied in our forward-looking statements.
The forward-looking statements are based on the current
expectations of the management of NaturalShrimp and Yotta, as
applicable, and are inherently subject to uncertainties and changes
in circumstances and their potential effects and speak only as of
the date of such statement. There can be no assurance that future
developments will be those that have been anticipated.
Forward-looking statements reflect material expectations and
assumptions, including, without limitation, expectations and
assumptions relating to: the future price of metals; the stability
of the financial and capital markets; NaturalShrimp and Yotta being
able to receive all required regulatory, third-party and
shareholder approvals for the proposed Transaction; the amount of
redemptions by Yotta public shareholders; and other current
estimates and assumptions regarding the proposed Transaction and
its benefits. Such expectations and assumptions are inherently
subject to uncertainties and contingencies regarding future events
and, as such, are subject to change. Forward-looking statements
involve a number of risks, uncertainties or other factors that may
cause actual results or performance to be materially different from
those expressed or implied by these forward-looking statements.
These risks and uncertainties include, but are not limited to,
those discussed and identified in public filings made by
NaturalShrimp and Yotta with the SEC; the amount of any redemptions
by existing holders of Yotta Class A Shares being greater than
expected, which may reduce the cash in trust available to
NaturalShrimp upon the consummation of the business combination;
the occurrence of any event, change or other circumstances that
could give rise to the termination of the Business Combination
Agreement and/or payment of the termination fees; the outcome of
any legal proceedings that may be instituted against NaturalShrimp
or Yotta following announcement of the Business Combination
Agreement and the transactions contemplated therein; the inability
to complete the proposed transactions due to, among other things,
the failure to obtain NaturalShrimp shareholder approval or Yotta
shareholder approval; the risk that the announcement and
consummation of the proposed transactions disrupts NaturalShrimp’s
current plans; the ability to recognize the anticipated benefits of
the proposed transactions; unexpected costs related to the proposed
transactions; the risks that the consummation of the proposed
transactions is substantially delayed or does not occur, including
prior to the date on which Yotta is required to liquidate under the
terms of its charter documents.
Should one or more of these risks or uncertainties materialize
or should any of the assumptions made by the management of
NaturalShrimp and Yotta prove incorrect, actual results may vary in
material respects from those projected in these forward-looking
statements.
All subsequent written and oral forward-looking statements
concerning the proposed Transaction or other matters addressed in
this press release and attributable to NaturalShrimp, Yotta or any
person acting on their behalf are expressly qualified in their
entirety by the cautionary statements contained or referred to in
this press release. Except to the extent required by applicable law
or regulation, NaturalShrimp and Yotta undertake no obligation to
update these forward-looking statements to reflect events or
circumstances after the date of this press release to reflect the
occurrence of unanticipated events.
No Offer or Solicitation
This press release is not a proxy statement or solicitation of a
proxy, consent or authorization with respect to any securities or
in respect of the proposed Transaction and does not constitute an
offer to sell or the solicitation of an offer to buy any securities
nor shall there be any sale of securities in any state or
jurisdiction in which such offer, solicitation, exchange, or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. No offer of
securities shall be made except by means of a prospectus meeting
the requirements of the Securities Act.
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version on businesswire.com: https://www.businesswire.com/news/home/20221104005182/en/
Investor Relations Contact Chris Tyson Executive Vice
President MZ North America Direct: 949-491-8235 SHMP@mzgroup.us
YOTA Contact: Hui Chen Chief Executive Officer Yotta Acquisition
Corporation hchen@yottaac.com
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